losing party would be subject to very harsh and unreasonable bc the contract was unenforced Categories of illegal agreements 1)that violate statutes (break laws or are directly assisting in broken laws) 2)violate public policy 3)unconscionable agreements and contracts of adhesion Noncompetition clauses 1) Clause must serve a legitimate business purpose 2) The restriction on competition must be reasonable in time‚ geographic area and scope.3) The clause should not impose any undue hardship.. -Very
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suffice to displace the provision that they are entitled to share equally. 4. Hence‚ Morrissey would most likely be awarded 1/5 of the capital as the provision was displaced by the understanding that Morrissey was to have a 1/5 share of the business should dissolution be ordered. Did Morrissey have authority to bind firm‚ making Smiths liable for losses caused by the power outage at Manchester Meat(“MM”) and damage to the air-conditioning? Actual Authority 5. Actual authority may be
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Employment Law: Immigration Immigration has become a huge topic in the United States for the last several years. House Bill 1804 has transitioned Oklahoma business owners to find individuals with legal status to fill their staff. In this paper I will discuss how this bill has impacted farmers and local businesses with labor work the average American wouldn’t do for the low pay. House Bill 1804 In 2007‚ House Bill 1804 was established in Oklahoma. This is a strict anti-illegal immigration law introduced
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Re: Applicable Employment Laws for Landslide Limousines Dear Mr. Stonefield‚ As per our conversation‚ I understand that you want to start a Limousine Service with 25 employees on your first year of business. During my research I found that there are applicable laws for the State of Texas. There are 5 specific laws that needs to be address in order to having a successful business. In this memo we will provide your company a brief description of the employment laws that should be implemented
Free Employment Discrimination Civil Rights Act of 1964
Federal court The Federal Court is the highest judicial authority in the country. It was established pursuant to Article 121(2) of the Federal Constitution. Its decision binds all the courts below. The Federal Court hears appeals from the Court of Appeal. Leave to appeal must always be obtained prior to proceeding with the appeal. The Federal Court is headed by the Chief Justice. According to Article 122(1) of the Federal Constitution‚ the Federal Court shall consist of the Chief Justice‚ the President
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Contract Elements Business Law is an interesting topic‚ especially when contracts are the subject of discussion. Contracts can obligate a party to perform a task‚ stop performing a task. They can be a guideline on a specific business sale or as simple as ordering something online. When things go wrong and contracts are claimed to be broken‚ the first thing we look into is whether it was a valid contract to begin with. For a contract to be considered valid there are 4 main elements it must contain
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profit. Canny Gabrial Castle v Volume Sales(p200): Canny Gabrial argued that the 2 companies were joint ventures Decision: Agreement was partnership Polkinghorne v Holland(p205): Was the giving of financial advice outside the ordinary business of the law firm‚ such that the partners would be jointly liable Decision: Held that the firm was liable for the actions of hollan’s son Lec 5 Chap 13 Balfour v Balfour(256): At the time of the agreement‚ did the parties intend the arrangement
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------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- INTERNATIONAL BUSINESS LAW ------------------------------------------------- BUSA 391 – SUMMER 2010 Prepared For: Professor Leslie Beck By: Gabriela Popescu ID: 260224311 June 17‚ 2010. Six months ago‚ Antiques R Us (a Canadian corporation) entered into a contract
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UNIVERSITI TUNKU ABDUL RAHMAN ACADEMIC YEAR 2005/2006 DECEMBER EXAMINATION UBML1053 BUSINESS LAW THURSDAY‚ 15 DECEMBER 2005 TIME: 2.00PM – 4.00PM (2 HOURS) BACHELOR OF COMMERCE (HONS) ACCOUNTING YEAR ONE Instructions to Candidates: Section A : [Total: 40 marks] 1. This section consist of ONE (1) compulsory question 2. Answer ALL the sub-questions. Section B : [Total: 60 marks] 3. This section consists of THREE (3) questions. 4. Answer only TWO (2) questions. 5. No marks will be given for any extra
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USIU BUS 3010 BUSINESS LAW LAW AGENCY NOTES AGENCY LAW The law of agency in Kenya is basically that of the English Common Law. It deals with the relationships that arise when one person‚ the agent‚ is used by another‚ the principal‚ to perform certain tasks on his behalf. CREATION OF THE AGENCY RELATIONSHIP Agency may be created in four ways namely‚ i. By contract ii. By Ratification iii. By Estoppel iv. By operation of the law Agency by Contract This may either be by express contract
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